The Middle East’s Power Businesswomen 2021
Rank: #16

Elham Mahfouz

Title: CEO
Nationality: Egyptian
Company: Commercial Bank of Kuwait
Sector: Banking and Financial Services

Mahfouz joined CBK in 2000 and was appointed CEO in November 2014. She has been working in banking and finance for approximately 30 years.CBK has achieved operating income worth $316 million in the first nine months of 2020 and recorded $56.5 million in net profit.In September of 2020, credit rating agency Fitch affirmed the bank’s rating at “A+”, with a stable outlook.